Isn't this very similar to the betting market for sports for example? The betting markets are knee jerk themselves, who know how their mindset in general changi

Isn't this very similar to the betting market for sports for example? The betting markets are knee jerk themselves, who know how their mindset in general changing over time, they may be becoming more short sighted and so react on yesterday's news. IMO, Just because there is money involved doesn't make it accurate.